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REVENUES | 9 Months Ended
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Sep. 30, 2020
Revenue from Contract with Customer [Abstract] |
REVENUES | REVENUES Disaggregation of Revenues The following tables present the disaggregation of the Company’s revenues by customer location, including a reconciliation of the disaggregated revenues with the reportable segments (Note 13 “Segment Information”) for the periods indicated:
| Three Months Ended September 30, 2020
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Customer Locations |  |  |  |  |  |  |
North America | $ | 378,493 |  |  | $ | 10,853 |  |  | $ | 630 |  |  | $ | 389,976 |
Europe | 11,278 |  |  | 203,255 |  |  | — |  |  | 214,533 |
CIS | 1,433 |  |  | 16 |  |  | 28,590 |  |  | 30,039 |
APAC | 401 |  |  | 17,294 |  |  | — |  |  | 17,695 |
Revenues | $ | 391,605 |  |  | $ | 231,418 |  |  | $ | 29,220 |  |  | $ | 652,243 |
| Nine Months Ended September 30, 2020
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Customer Locations |  |  |  |  |  |  |
North America | $ | 1,126,970 |  |  | $ | 32,107 |  |  | $ | 2,665 |  |  | $ | 1,161,742 |
Europe | 32,805 |  |  | 615,843 |  |  | 6 |  |  | 648,654 |
CIS | 6,223 |  |  | 32 |  |  | 70,722 |  |  | 76,977 |
APAC | 1,538 |  |  | 47,074 |  |  | — |  |  | 48,612 |
Revenues | $ | 1,167,536 |  |  | $ | 695,056 |  |  | $ | 73,393 |  |  | $ | 1,935,985 |
| Three Months Ended September 30, 2019
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Customer Locations |  |  |  |  |  |  |
North America | $ | 349,875 |  |  | $ | 8,484 |  |  | $ | 42 |  |  | $ | 358,401 |
Europe | 6,756 |  |  | 182,533 |  |  | 23 |  |  | 189,312 |
CIS | 2,349 |  |  | 53 |  |  | 24,099 |  |  | 26,501 |
APAC | 7 |  |  | 13,882 |  |  | — |  |  | 13,889 |
Revenues | $ | 358,987 |  |  | $ | 204,952 |  |  | $ | 24,164 |  |  | $ | 588,103 |
| Nine Months Ended September 30, 2019
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Customer Locations |  |  |  |  |  |  |
North America | $ | 976,841 |  |  | $ | 32,926 |  |  | $ | 74 |  |  | $ | 1,009,841 |
Europe | 16,722 |  |  | 523,180 |  |  | 263 |  |  | 540,165 |
CIS | 6,093 |  |  | 66 |  |  | 63,607 |  |  | 69,766 |
APAC | 1,045 |  |  | 40,206 |  |  | — |  |  | 41,251 |
Revenues | $ | 1,000,701 |  |  | $ | 596,378 |  |  | $ | 63,944 |  |  | $ | 1,661,023 |
The following tables present the disaggregation of the Company’s revenues by industry vertical, including a reconciliation of the disaggregated revenues with the reportable segments (Note 13 “Segment Information”) for the periods indicated:
| Three Months Ended September 30, 2020
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Industry Verticals |  |  |  |  |  |  |
Business Information & Media | $ | 84,384 |  |  | $ | 55,228 |  |  | $ | 402 |  |  | $ | 140,014 |
Financial Services | 48,415 |  |  | 68,419 |  |  | 19,881 |  |  | 136,715 |
Software & Hi-Tech | 100,847 |  |  | 17,492 |  |  | 515 |  |  | 118,854 |
Travel & Consumer | 54,590 |  |  | 51,449 |  |  | 4,135 |  |  | 110,174 |
Life Sciences & Healthcare | 66,071 |  |  | 7,963 |  |  | 169 |  |  | 74,203 |
Emerging Verticals | 37,298 |  |  | 30,867 |  |  | 4,118 |  |  | 72,283 |
Revenues | $ | 391,605 |  |  | $ | 231,418 |  |  | $ | 29,220 |  |  | $ | 652,243 |
| Nine Months Ended September 30, 2020
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Industry Verticals |  |  |  |  |  |  |
Business Information & Media | $ | 246,085 |  |  | $ | 171,712 |  |  | $ | 1,201 |  |  | $ | 418,998 |
Financial Services | 143,970 |  |  | 202,668 |  |  | 49,695 |  |  | 396,333 |
Software & Hi-Tech | 303,385 |  |  | 53,803 |  |  | 3,000 |  |  | 360,188 |
Travel & Consumer | 161,507 |  |  | 163,769 |  |  | 11,698 |  |  | 336,974 |
Life Sciences & Healthcare | 189,458 |  |  | 22,651 |  |  | 217 |  |  | 212,326 |
Emerging Verticals | 123,131 |  |  | 80,453 |  |  | 7,582 |  |  | 211,166 |
Revenues | $ | 1,167,536 |  |  | $ | 695,056 |  |  | $ | 73,393 |  |  | $ | 1,935,985 |
| Three Months Ended September 30, 2019
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Industry Verticals |  |  |  |  |  |  |
Business Information & Media | $ | 65,153 |  |  | $ | 40,624 |  |  | $ | 22 |  |  | $ | 105,799 |
Financial Services | 50,510 |  |  | 61,067 |  |  | 18,760 |  |  | 130,337 |
Software & Hi-Tech | 90,880 |  |  | 16,952 |  |  | 552 |  |  | 108,384 |
Travel & Consumer | 51,476 |  |  | 57,735 |  |  | 3,171 |  |  | 112,382 |
Life Sciences & Healthcare | 60,049 |  |  | 6,713 |  |  | 7 |  |  | 66,769 |
Emerging Verticals | 40,919 |  |  | 21,861 |  |  | 1,652 |  |  | 64,432 |
Revenues | $ | 358,987 |  |  | $ | 204,952 |  |  | $ | 24,164 |  |  | $ | 588,103 |
| Nine Months Ended September 30, 2019
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Industry Verticals |  |  |  |  |  |  |
Business Information & Media | $ | 189,854 |  |  | $ | 108,846 |  |  | $ | 266 |  |  | $ | 298,966 |
Financial Services | 132,421 |  |  | 181,781 |  |  | 49,801 |  |  | 364,003 |
Software & Hi-Tech | 255,601 |  |  | 56,762 |  |  | 1,470 |  |  | 313,833 |
Travel & Consumer | 146,654 |  |  | 169,112 |  |  | 8,056 |  |  | 323,822 |
Life Sciences & Healthcare | 164,492 |  |  | 16,176 |  |  | 73 |  |  | 180,741 |
Emerging Verticals | 111,679 |  |  | 63,701 |  |  | 4,278 |  |  | 179,658 |
Revenues | $ | 1,000,701 |  |  | $ | 596,378 |  |  | $ | 63,944 |  |  | $ | 1,661,023 |
The following tables present the disaggregation of the Company’s revenues by contract type including a reconciliation of the disaggregated revenues with the Company’s reportable segments (Note 13 “Segment Information”) for the periods indicated:
| Three Months Ended September 30, 2020
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Contract Types |  |  |  |  |  |  |
Time-and-material | $ | 348,570 |  |  | $ | 196,719 |  |  | $ | 13,844 |  |  | $ | 559,133 |
Fixed-price | 41,050 |  |  | 34,057 |  |  | 15,314 |  |  | 90,421 |
Licensing | 1,717 |  |  | 242 |  |  | 53 |  |  | 2,012 |
Other revenues | 268 |  |  | 400 |  |  | 9 |  |  | 677 |
Revenues | $ | 391,605 |  |  | $ | 231,418 |  |  | $ | 29,220 |  |  | $ | 652,243 |
| Nine Months Ended September 30, 2020
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Contract Types |  |  |  |  |  |  |
Time-and-material | $ | 1,054,548 |  |  | $ | 579,212 |  |  | $ | 41,412 |  |  | $ | 1,675,172 |
Fixed-price | 106,760 |  |  | 111,565 |  |  | 30,394 |  |  | 248,719 |
Licensing | 5,445 |  |  | 949 |  |  | 1,520 |  |  | 7,914 |
Other revenues | 783 |  |  | 3,330 |  |  | 67 |  |  | 4,180 |
Revenues | $ | 1,167,536 |  |  | $ | 695,056 |  |  | $ | 73,393 |  |  | $ | 1,935,985 |
| Three Months Ended September 30, 2019
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Contract Types |  |  |  |  |  |  |
Time-and-material | $ | 322,573 |  |  | $ | 171,261 |  |  | $ | 13,815 |  |  | $ | 507,649 |
Fixed-price | 35,273 |  |  | 33,093 |  |  | 10,304 |  |  | 78,670 |
Licensing | 883 |  |  | 149 |  |  | 9 |  |  | 1,041 |
Other revenues | 258 |  |  | 449 |  |  | 36 |  |  | 743 |
Revenues | $ | 358,987 |  |  | $ | 204,952 |  |  | $ | 24,164 |  |  | $ | 588,103 |
| Nine Months Ended September 30, 2019
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Contract Types |  |  |  |  |  |  |
Time-and-material | $ | 907,624 |  |  | $ | 507,055 |  |  | $ | 37,134 |  |  | $ | 1,451,813 |
Fixed-price | 89,694 |  |  | 87,543 |  |  | 26,534 |  |  | 203,771 |
Licensing | 2,343 |  |  | 689 |  |  | 211 |  |  | 3,243 |
Other revenues | 1,040 |  |  | 1,091 |  |  | 65 |  |  | 2,196 |
Revenues | $ | 1,000,701 |  |  | $ | 596,378 |  |  | $ | 63,944 |  |  | $ | 1,661,023 |
Timing of Revenue Recognition The following tables present the timing of revenue recognition for the periods indicated:
| Three Months Ended September 30, 2020
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Timing of Revenue Recognition |  |  |  |  |  |  |
Transferred over time | $ | 390,295 |  |  | $ | 231,281 |  |  | $ | 29,174 |  |  | $ | 650,750 |
Transferred at a point of time | 1,310 |  |  | 137 |  |  | 46 |  |  | 1,493 |
Revenues | $ | 391,605 |  |  | $ | 231,418 |  |  | $ | 29,220 |  |  | $ | 652,243 |
| Nine Months Ended September 30, 2020
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Timing of Revenue Recognition |  |  |  |  |  |  |
Transferred over time | $ | 1,163,678 |  |  | $ | 694,525 |  |  | $ | 71,882 |  |  | $ | 1,930,085 |
Transferred at a point of time | 3,858 |  |  | 531 |  |  | 1,511 |  |  | 5,900 |
Revenues | $ | 1,167,536 |  |  | $ | 695,056 |  |  | $ | 73,393 |  |  | $ | 1,935,985 |
| Three Months Ended September 30, 2019
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Timing of Revenue Recognition |  |  |  |  |  |  |
Transferred over time | $ | 358,426 |  |  | $ | 204,833 |  |  | $ | 24,110 |  |  | $ | 587,369 |
Transferred at a point of time | 561 |  |  | 119 |  |  | 54 |  |  | 734 |
Revenues | $ | 358,987 |  |  | $ | 204,952 |  |  | $ | 24,164 |  |  | $ | 588,103 |
| Nine Months Ended September 30, 2019
| Reportable Segments |  |
| North America |  | Europe |  | Russia |  | Consolidated Revenues
Timing of Revenue Recognition |  |  |  |  |  |  |
Transferred over time | $ | 999,530 |  |  | $ | 596,106 |  |  | $ | 63,890 |  |  | $ | 1,659,526 |
Transferred at a point of time | 1,171 |  |  | 272 |  |  | 54 |  |  | 1,497 |
Revenues | $ | 1,000,701 |  |  | $ | 596,378 |  |  | $ | 63,944 |  |  | $ | 1,661,023 |
During the three and nine months ended September 30, 2020 the Company recognized $9,105 and $4,719 of revenues, respectively, from performance obligations satisfied in previous periods compared to $4,915 and $7,039 during the three and nine months ended September 30, 2019, respectively. The following table includes the estimated revenues expected to be recognized in the future related to performance obligations that are partially or fully unsatisfied as of September 30, 2020. The Company applies a practical expedient and does not disclose the value of unsatisfied performance obligations for contracts that (i) have an original expected duration of one year or less and (ii) contracts for which it recognizes revenues at the amount to which it has the right to invoice for services provided:
| Less than 1 year |  | 1 Year |  | 2 Years |  | 3 Years |  | Total
Contract Type |  |  |  |  |  |  |  |  |
Fixed-price | $ | 19,644 |  |  | $ | 288 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,932 |
The Company applies a practical expedient and does not disclose the amount of the transaction price allocated to the remaining performance obligations nor provide an explanation of when the Company expects to recognize that amount as revenue for certain variable consideration. Contract Balances The following table provides information on the classification of contract assets and liabilities in the condensed consolidated balance sheets:
| As of September 30, 2020 |  | As of December 31, 2019
Contract assets included in Trade receivables and contract assets | $ | 21,548 |  |  | $ | 14,320 |
Contract liabilities included in Accrued expenses and other current liabilities | $ | 12,415 |  |  | $ | 9,132 |
Contract assets have increased from December 31, 2019 primarily due to contracts where the Company’s right to bill is contingent upon achievement of contractual milestones. Contract liabilities comprise amounts collected from the Company’s customers for revenues not yet earned. Such amounts are anticipated to be recorded as revenues when services are performed in subsequent periods. Contract liabilities have not materially changed from December 31, 2019. During the three and nine months ended September 30, 2020, the Company recognized $439 and $8,301 of revenues, respectively, that were included in Accrued expenses and other current liabilities at December 31, 2019. During the three and nine months ended September 30, 2019, the Company recognized $140 and $3,801 of revenues, respectively, that were included in Accrued expenses and other current liabilities at December 31, 2018.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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